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<h1>Tax Exemption Extended for B.M.B. Sarvajanik Hospital Project Under Section 35AC of Income-tax Act, 1961</h1> The Central Government has extended the eligibility of the project involving an Ambulance Van and medicines for B.M.B. Sarvajanik Hospital, executed by Shree Veda-Govindpura Sarvajanik Davakhanu in Gujarat, for tax exemption under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 1998-1999 and extended in 2000, the project is now specified for an additional three years beginning from the financial year 2003-2004. The estimated cost remains at seven lakhs eighty-seven thousand rupees, with the project deemed properly executed by the National Committee for Promotion of Social and Economic Welfare.